By Wendy Van Sickle
Columbus, Ohio, April 2 – Wells Fargo Finance LLC priced $276,000 of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due March 27, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Wells Fargo & Co.
The payout at maturity will be par plus 135% of any gain in the index.
If the index falls but not beyond 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 20%.
Wells Fargo Securities, LLC is the agent.
Issuer: | Wells Fargo Finance LLC
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Guarantor: | Wells Fargo & Co.
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Issue: | Market-linked securities – leveraged upside participation and fixed percentage buffered downside
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Underlying index: | Euro Stoxx 50
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Amount: | $276,000
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Maturity: | March 27, 2023
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Price: | Par
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Payout at maturity: | Par plus 135% of any gain in the index; par if index falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
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Initial level: | 2,548.5
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Barrier level: | 2,038.8, or 80% of initial level
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Pricing date: | March 20
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Settlement date: | March 27
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Agent: | Wells Fargo Securities LLC
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Fees: | 0.8%
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Cusip: | 95001HFZ9
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